Page 6 - Employees

Hiring intentions to remain marginally low in Apr-Jun quarter: Survey

Hiring intentions will remain marginally lower during the second quarter (April-June) this year as employers continue to have difficulty in finding people with the right skills, according to a survey. Employers in India continue to anticipate hiring workers in the second quarter, reporting a seasonally adjusted Net Employment Outlook of 30 per cent, which is marginally lower from the January-March quarter, according to ManpowerGroup Employment Outlook Survey. Hiring intentions remain marginally lower by 2 per cent quarter-on-quarter, while employers continue to have difficulty finding the right talent, it added. The ManpowerGroup Employment Outlook Survey is based on an analysis of nearly 3,020 employers. The survey further revealed that the talent supply with the requisite skills depicted in the sliding shift of employers, experiencing a talent shortage by 3 per cent. "While the skill gap continues to be concerning, in spite of the global economic pressures, India's innate abilit

Employees dumbfounded by how SVB CEO publicly acknowledged financial crisis

"They were being very transparent. It's the exact opposite of what you'd normally see in a scandal. But their transparency and forthright-ness did them in," one employee said

79% employers willing to increase apprentice intake, says report

They regard apprentices help business growth, have skills suited for the market

Enterprise chat app Slack integrates ChatGPT to talk to employees

Salesforce-owned enterprise chat application Slack has announced the new AI-powered app -- ChatGPT app for Slack to deliver instant conversation summaries, research tools, and writing assistance

Meta Platforms planning to lay off thousands more as early as this week

The imminent round of cuts is being driven by financial targets and is separate from the "flattening," said the people, who asked not to be identified

upGrad subsidiary 'Campus' lays off 30% workforce due to lack of VC funding

According to leading startup covering portal Entrackr, citing sources, a lack of VC funding has caused layoffs in the startup ecosystem, affecting especially late-stage organisations

Amazon joins Vishal's Better.com to let employees use stock to buy homes

Amazon has signed a deal with embattled online mortgage lender Better.com run by controversial Indian-origin CEO Vishal Garg to allow employees to use their shares in the company

Twitter employees to soon receive performance-based stock awards: Musk

This past week, we completed a difficult organisational overhaul focused on improving future execution, using as much feedback as we could gather from entire company, Musk wrote in an internal memo

AI vs humans: Some companies begin replacing employees with ChatGPT

Companies that use ChatGPT said they saved money using the AI tool, with 48 per cent saved over $50,000 and 11 per cent saved over $100,000, according to a report in Fortune

Half of Indian firms may offer double-digit salary hikes in 2023

Of the 1,400 companies surveyed across 40 industries, 46% of organisations are expected to give double-digit salary increases in 2023

Amazon asks employees to be in office at least three days a week from May 1

In a message that was posted on Amazon's blog, chief executive Andy Jassy wrote the decision was taken at a meeting earlier this week and the move would make it easier to learn and collaborate

Sacking 7,000 employees in 2-hour call was bad idea: Salesforce CEO

Salesforce employees had slammed CEO Marc Benioff for being evasive during the meeting

Starbucks illegally threatened, sacked employees: US labour board rules

The dispute involves workplace activism in 2019, before the launch of the current Starbucks Workers United campaign which has reached hundreds of the company's US cafes

575 small firms hiring employees laid off by tech giants, says report

India stood third in global tech-hiring geographies, with the US and the European Union taking the lead

GoDaddy CEO Aman Bhutani cuts 8% jobs amid tough macroeconomic situation

In an email to employees, Bhutani said that most impacted roles are in the US, affecting multiple levels in the company and every division

Yahoo to lay off more than 20% of staff to restructure its ad tech division

The cuts will impact nearly 50% of Yahoo's ad tech employees by the end of this year, including nearly 1,000 employees this week, the company said

Open core firm GitLab to cut 7% jobs amid tough macroeconomic conditions

The company's most recent reported headcount was 1,630, implying that the round of redundancies will affect approximately 114 people, though that specific figure is dependent on its current headcount

MHA approves regularisation of NDMC's 4,500 regular muster roll employees

CM Arvind Kejriwal thanked the Union Home Minister Amit Shah for the decision, saying "The lives of thousands of these people will change with a permanent job"

PayPal forecasts strong full-year profit, says CEO to retire at year-end

The company's upbeat forecast also comes alongside its previously announced commitment of lowering expenses in the backdrop of its key e-commerce segment feeling the pinch of a slowdown

Delhi CM writes to Shah over regularisation delay of 4,500 NDMC employees

The Chief Minister said that NDMC had also sent a reminder on November 23, 2022, but the draft Group C recruitment rules have not yet been approved by the Ministry of Home Affairs